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Daily Dispatches
Saudi official says riyal's peg to dollar will continue
Submitted by cpowell on Mon, 2008-02-11 23:37 Section: Daily DispatchesBy Michael Peltier
Reuters
Monday, February 11, 2008
http://www.reuters.com/article/oilRpt/idUSN1117122320080212
TALLAHASSEE, Florida -- Saudi Arabia's currency and oil price will remain tied to the U.S. dollar despite its current weak valuation, Saudi Minister of State Abdullah Alireza said on Monday.
Governments said ready to intervene if markets become 'irrational'
Submitted by cpowell on Mon, 2008-02-11 18:34 Section: Daily DispatchesAs in "whatever governments disagree with."
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G7 Discussed Joint Action
to Calm Financial Markets
From Reuters
Monday, February 11, 2008
http://www.reuters.com/article/companyNewsAndPR/idUSL1157724620080211
John Stepek: Why the rising gold price is a headache for G7
Submitted by cpowell on Mon, 2008-02-11 12:28 Section: Daily DispatchesBy John Stepak
MoneyWeek, London
Monday, February 11, 2008
http://www.moneyweek.com/file/42070/why-house-repossessions-could-double...
My colleague Dominic Frisby wrote the other day about whether the gold price is being manipulated:
http://www.moneyweek.com/file/41862/is-the-gold-price-really-being-manip...
James Turk: Silver is leading
Submitted by cpowell on Mon, 2008-02-11 10:04 Section: Daily Dispatches8a MT Monday, February 11, 2008
Dear Friend of GATA and Gold:
Peter Brimelow: Gold's path to $1,000 now clear?
Submitted by cpowell on Mon, 2008-02-11 08:51 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Monday, February 11, 2008
http://www.marketwatch.com/news/story/golds-path-1000-ounce-now/story.as...
NEW YORK -- Gold dodged a bullet this past week. Gold bugs think this might have been the bears' last shot, and the path to $1,000 is now clear.
No third-party presidential candidacy for Paul
Submitted by cpowell on Mon, 2008-02-11 02:35 Section: Daily DispatchesBy the Associated Press
via Yahoo News
Saturday, February 9, 2008
http://news.yahoo.com/s/ap/ron_paul_campaign
HOUSTON -- Presidential hopeful Ron Paul said he will not run as a third-party candidate in a new message to supporters that seems to recognize his slim chances at getting the Republican nomination.
Ambrose Evans-Pritchard: Japan is the next sub-prime flashpoint
Submitted by cpowell on Sun, 2008-02-10 01:12 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Sunday, February 10, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/10/ccjapa...
Just as battered investors had begun to glimpse signs of recovery in America, the next shoe has dropped with an almighty thud in Japan. Echoes are rumbling across the Far East.
Jim Sinclair: Any IMF sales will be great for gold
Submitted by cpowell on Sun, 2008-02-10 00:32 Section: Daily DispatchesBy Jim Sinclair
www.JSMineset.com
Saturday, February 9, 2008
China has a trillion dollars in reserves and wishes to offload dollars, and this is a perfect fit. The year of the rat is a year of opportunity for some.
Any sales of gold have nothing to do with the market for gold, as not one ounce will ever see the free market.
The buyers will be gold-poor central banks.
GATA's ad reaches national audience in South Africa
Submitted by cpowell on Sat, 2008-02-09 14:11 Section: Daily Dispatches12:01p MT Saturday, February 9, 2008
Dear Friend of GATA and Gold:
Thanks to our friends who call themselves South Africans for a Free Gold Market, GATA's full-page color ad published in The Wall Street Journal on January 31 was published on Friday, also on a full page in color, in South Africa's national financial daily newspaper, Business Day.
Mobilization of IMF gold just a sign of central bank desperation
Submitted by cpowell on Sat, 2008-02-09 13:44 Section: Daily Dispatches11:37a MT Saturday, February 9, 2008
Dear Friend of GATA and Gold:
Before panicking about the Reuters story appended here, reporting that the G7 conference in Tokyo likes the idea that the International Monetary Fund should raise money for itself by selling some of its gold reserves, consider a few things.
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